Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

2311 Elm Tree Road, Kawartha Lakes, ON K0M 1E0

Office
$449,750

A well-maintained & updated 4458 square foot two-story brick building in Cambray. Located in Cambray at the busy junction of Elm Tree Rd & Highway 9, just minutes outside Lindsay & under an hour to Peterborough & Port Perry. Large spacious corner lot (0.41 acres) with room for additional buildings & parking. Currently used as a large office building. Commercial & residential uses permitted. Rear part of the building is already setup for a 3 bedroom 1 bathroom with kitchen living quarters for a business owner. The building could also be split into two separate office spaces with separate entrances, hydro & HVAC systems. Bonus detached 20'x 28' double garage with concrete floor. Commercial (C1) zoning allows for residential use of part of the building along with numerous alternative uses including but not limited to retail sales, health centre, commercial school, business or professional offices, restaurant, upholstering & furniture repair. Numerous updates in the last 10 years, including windows (2017), HVAC (2018), attic insulation (2021) & office renovation (2016). So much potential!

MLS number
X12947096
Type
Office
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K0M 1E0
Photos
41
Property tax
$4,238 / year
166days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 523 people.

$84,000Median household income
89.7%Own their home
97.5%Detached houses
51.2Median age
4%Born outside Canada
14.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35160111 — the few blocks around this address, home to 523 people. It describes the area, not this property.

523Population
46.9Average age
2.6Household size
$105,000Average household income
$84,000Median household income
90%Own their home
10%Rent
0%Condominiums
4%Born outside Canada
14%University degree
$510,000Average home value
12%Low income
82%Not in the labour force
24%Never married
$15,000 to $19,9992%
$20,000 to $24,9994%
$25,000 to $29,9992%
$35,000 to $39,9992%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9994%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9997%
$90,000 to $99,9994%
$100,000 and over30%
$100,000 to $124,9996%
$125,000 to $149,9996%
$150,000 to $199,9999%
$200,000 and over7%

Percentages are of the 270 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$89,950 · minimum here is $22,488
$1,991.40per month
Borrowed before insurance$359,800
Total borrowed$359,800
Interest over 25 years at 4.5%$237,619

If you rented it out

-$2,344.56per month out of pocket
Rent$0.00
Everything it costs to hold$2,344.56
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by BIRDHOUSE REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.